What Is The Definition Of Solopreneur ?


The person who organizes manages, and assumes the risks of a business or enterprise without the help of a partner is a solo entrepreneur. The word solopreneur combines two ideas: sole proprietorship and entrepreneurship. A sole proprietor is one who owns a business for which one is solely responsible. An entrepreneur is one who builds a business ahead of existing resources. So put these definitions together to learn that a solopreneur is an individual taking full responsibility for building a business ahead of existing resources.


Jen and Omar started with a total budget of exactly $500. Amy turns sharp runs a handcraft toy company. The startup costs $300. Nicolas Luff in Vancouver, Canada, started with only $56.33, the cost of a business license in 2000. In New York City, Michael Trainer started a documentary business for $2.500, the cost of a camera-which he later sold for a profit. 


Most of these people are solopreneurs, running a light operation by design. But larger businesses with multiple employees also opted to keep the initial costs as low as possible. The point is that the numbers may vary, but wherever possible, keep costs low.


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